Big time +1 to everything twisted symphony said, but I had to comment on this one.
In general CRTs used for MAME and classic consoles have:
-lower lag
CRT's don't have lower lag, they have NO lag. They display the signal nearly instantaneously upon receiving it. The only exception is a mid-late-2000's "hi-def" CRT or something like that that has some scaling and processing, but those are no good for MAME anyway, and they're usually 16:9 tubes.
if you're talking lag from the input connector on the display to the output on the screen then yes arcade CRTs have essentially "no lag" but if we're talking the output of your PC to the display on the screen, then there are situations where you may be forced to use some sort of video converter to make it compatible (like my situation where my OS and video card don't support Arcade resolution modlines) in which case using an arcade CRT, when considering the entire video mechanism, not just the display, there is
some (albeit usually small) lag there...
Regardless you're just arguing semantics because "no lag" is still "lower lag" than "lag experienced by LCDs"